Search | Previous : 306-469 | Next : 300-203
Handbook 1997 : Faculty of Economics and Commerce : Actuarial Studies

300-101 Actuarial Studies 1

Coordinator:

Ms Margaret Atkinson

Prerequisite/s:

618-121 Mathematics 1A

Timetable:

Semester 2

Contact:

Two 1-hour lectures and a 1-hour tutorial each week

Objectives:

At the end of this subject, the student will:

  • understand and be able to apply fundamentals of compound interest to problems;

  • understand and be able to apply the life table to demographic problems;

  • have some appreciation of the actuarial profession and its current role; and

  • have attained some knowledge in respect of the major products, markets and institutions where actuaries work.

Content:

An introduction to: compound interest functions and operations; valuation of annuities, bonds and loans; demography, and factors affecting population growth and size; construction and use of the life table; applications of these in life insurance; types of insurance products; the role of the actuary; the significance of financial institutions utilising actuarial management.

Assessment:

A 3-hour end of semester examination (80%), a one hour mid semester test (10%), and a 1200 word essay (10%). Assignments during the semester will form an integral part of the course, but are not included in the formal assessment.

Prescribed Texts:

  • Knox, Zima and Brown, Mathematics of Finance, McGraw Hill.
  • Pollard, Yusuf and Pollard, Demographic Techniques, Pergamon.
Search | Previous : 306-469 | Next : 300-203
Handbook 1997 : Faculty of Economics and Commerce : Actuarial Studies 
Status:                   OFFICIAL 1997
Last Modified:            Wednesday March 12 3:36 pm
SGML to HTML Conversion:  Information Technology Services
Authorised by:            Academic Registrar
Email Enquiries:          Course_Information@registrar.unimelb.edu.au
Copyright © University of Melbourne 1997.